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Federal-Mogul Board Elects Co-CEO of F-M Corp. and CEO, Global Aftermarket

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The board of directors of Federal-Mogul Corp.
has announced the election of Kevin Freeland to the position of co-CEO
of Federal-Mogul Corp. and CEO of Federal-Mogul’s Vehicle Components
Segment (VCS), effective June 17, 2013. Freeland will report to the
company’s board of directors.

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Federal-Mogul’s VCS is one of the largest independent global suppliers
of leading, premium-branded automotive parts to the automotive
aftermarket. The company manufactures and distributes more than 20 of
the world’s most recognized auto parts brands, including ANCO wiper
blades, Champion spark plugs, MOOG chassis parts, and Wagner brake
products.

“The board is pleased to welcome Kevin to Federal-Mogul, and we look
forward to his leadership in growing the aftermarket division and
building upon its world-class products and strong customer base,” said
Carl Icahn, chairman of Federal-Mogul’s board.

Freeland joins Federal-Mogul after 32 years of merchandising, marketing
and procurement experience, most recently as chief operating officer of
Advance Auto Parts Inc. Prior to joining Advance Auto Parts, Freeland
spent eight years, from 1995 to 2003, with Best Buy Co., a specialty
retailer of consumer electronics, office products, appliances and
software, serving as senior vice president in its procurement and
distribution group and, ultimately, president of its Musicland Division.

“On behalf of the Federal-Mogul organization, we congratulate and
welcome Kevin and look forward to working with him to continue to
strengthen Federal-Mogul’s position as a preferred supplier to the
global independent aftermarket,” said Rainer Jueckstock, co-CEO of
Federal-Mogul and CEO of Federal-Mogul’s Powertrain Segment.

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